Regardless of the investment strategy that you apply to the markets, your strategy or approach needs to evolve over time. The way we did Trend Following back in the 1970s, 1980s & 1990s is not exactly the way we do it today, and I think this can be said about most, if not all strategies. Now with some strategies, the model decay is so rapid, that if you don’t adapt quickly you can lose your edge. I think short-term strategies are good examples of this. Trend Following, being a longer-term strategy is, in my opinion, a lot slower when it comes to Model Decay… so you need to have been around for a really long time in order to have witnessed this evolution.
So when I looked through my list of guests to pull a few golden nuggets from on this theme, I thought that Marty Lueck, the co-founder of AHL and Aspect Capital would be the perfect person for this. So enjoy these unique takeaways from my conversation with Marty.
Listen to the full episode here. Part 1 & Part 2.
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50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE
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